Think your organization is immune from the issue of password-sharing? Think again.
34%* of U.S. adults share passwords with their coworkers, which means as many as 32 million employees may be sharing passwords.
Attackers constantly exploit these lapses in security, and their prime target is your privileged accounts giving them access to your most valuable systems. Sharing passwords doesn't always equate to a security breach, but accessing an account with shared passwords can result in accidentally deleted or altered sensitive data. Worst of all, a shared password can make it nearly impossible to remove ex-employees from access to sensitive company data or accounts. The ability to control access to your organization's data and network is critical to securing an environment.
Your security is only as good as the weakest link, and when 81% of all data breaches are tied to compromised credentials keeping passwords in the equation doesn't make sense!
The only way to combat password sharing is through technical innovation.
Using V2verify to identify and authenticate users removes the vulnerability and inefficiency of passwords, PINS, and Knowledge-Based Authentication (KBA) from the IAM process. Adding V2 not only improves security, but it also improves IT efficiencies by eliminating the task and overhead of managing passwords.
V2 Regulates Privileged Account Access and Profile Management
Generally, organized attacks target privileged accounts. Once a privileged account is compromised, it increases the chances of a massive security breach. Social engineering and phishing attacks are common ways of tricking privileged users into sharing their credentials. This is where a robust set of controls can significantly reduce the attack surface.
V2 Automates Access Privilege Assignment
Establishing an automated workflow to assign new employee privileges based on their roles and business rules is essential and automatically revoke access privileges once they resign or are terminated. This ensures all privileges will be taken away automatically. This practice helps to control access and prevent unnecessary privileges on abandoned or phantom accounts. Access management, when done manually, can take a lot of time. Automating this process can reduce expenses and human errors.
V2 Audits and Controls
In a well-designed IAM system, there is an audit and control process. Organizations need to implement a strategy where they periodically review who has access to what and determine whether they should still have the permissions.
V2 Provides Better Risk Management and Reporting
It is critical for businesses to be able to report on "Who has access to what, from where, when, and how?". V2 provides this functionality and governs data access, so users are only able to query and report on the data they are responsible for. This is instrumental in meeting data compliance regulations and guarding against data leaks.
This is where technology like V2verify can remedy their password-sharing problems. V2verify's Voice authentication is quick and easy, with the user authenticated with only 2 seconds of natural speech. V2's voice solution also has a heightened security level; it cannot be reverse-engineered or faked. Also, V2verify has a sophisticated liveness feature that ensures a recording of the voice cannot be used to authenticate. These features make V2verify significantly more secure than other biometrics like fingerprint & facial recognition.
Sound too good to be true. It's not ~ Let's collaborate!
